v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 41,294,488 $ 6,129,049
Accounts receivable 29,800 24,000
Inventory 62,425 9,700
Prepayments and other current assets 208,338 377,901
Total current assets 41,595,051 6,540,650
Property and equipment, net 447,195 376,717
Intangible assets, net 2,571,370 2,687,466
Right of use asset 351,608 397,397
Other assets 82,429 44,459
Total assets 45,047,653 10,046,689
Current Liabilities:    
Accounts payable 437,103 408,398
Accrued expenses 956,706 471,329
Current portion of lease liability 99,194 93,435
Total current liabilities 1,493,003 973,162
Long-term lease liability 259,253 309,900
Other long-term liabilities 824,559 886,538
Total liabilities 2,576,815 2,169,600
Commitments and Contingencies  
Stockholders' equity:    
Common stock, $0.001 par value; 50,000,000 shares authorized; 16,422,841 shares issued and 16,421,520 shares outstanding at June 30, 2026 and 8,538,708 shares issued and 8,537,387 shares outstanding at December 31, 2025 16,423 8,539
Additional paid-in capital 167,557,739 125,927,443
Treasury stock, at cost, 1,321 shares at June 30, 2026 and December 31, 2025 (13,210) (13,210)
Accumulated deficit (125,090,114) (118,045,683)
Total stockholders’ equity 42,470,838 7,877,089
Total liabilities and stockholders’ equity $ 45,047,653 $ 10,046,689